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TOPEKA, Kansas: Legislature is mulling the possibility of placing a “rainy day” fund on the November 2, 2010 ballot or in a future ballot. The proposal was introduced in the legislative session by Senator John Vratil and Laura Kelly. Governor Mark Parkinson endorsed the proposed legislatively-referred constitutional amendment, showing that the state is becoming a proponent of fiscal restraint. The measure would require the state to put money in the fund when tax revenues increase more than 3 percent from one fiscal year to the next.
According to reports, details of the measure still have to be considered before potentially sending it to public vote. House Appropriations Committee Chairman Kevin Yoder stated: "I think we certainly may see a constitutional amendment on the ballot. The issue continues to gain significant momentum, and this is probably something that will emerge from the legislative session."[1]
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